What is CardValet?
CardValet is an app for your iPhone or Android phone that allows you to turn your debit and credit cards "on" or "off." This can be particularly useful for times when you might have lost your cards, or suspect they were stolen. By turning them "off," you ensure that no transactions can occur. It also offers other controls and settings that help you limit the geographic area where the cards can be used, the type of merchant and the dollar amount. Any limit can be changed instantly using the CardValet app.
What makes CardValet valuable?
CardValet is easy to use and one of the most powerful tools you can have to protect against fraudulent use of lost, stolen or compromised cards. It can also be useful for controlling the way dependents can use cards you give them. In addition to the ability to turn your cards "on" or "off" for all transactions, you can also:
- Limit the cards to a geographic area
- Limit the type of merchant where the cards can be used
- Limit the dollar amount for any transaction
- Receive alerts when anyone attempts to use the cards outside your limits